It is unclear how many Green Valley Ranch property owners have lost homes because of the HOA’s recent foreclosures. The HOA board said in a statement that fewer than half of the homes under foreclosure are going through court proceedings. Foreclosed homes can be sold at auction by the Denver...
Financing tends to be the larger potential problem for co-ops, where there is usually an underlying permanent mortgage on the entire property that must be paid monthly. That said, there are condominium associations that undertake community-wide financing for any number of reasons that can make the...